Midnifty Intraday Analysis for 13th August 2024

8月12日

NIFTY_MID_SELECT

Index closed near 12655 level and Maximum Call and Put Writing near CMP as below in current weekly contract:

Call Writing
12700 Strike – 3.26 Lakh
12600 Strike – 2.86 Lakh
12500 Strike – 2.84 Lakh

Put Writing
12500 Strike – 4.63 Lakh
12600 Strike – 4.07 Lakh
12400 Strike – 3.13 Lakh

Index has immediate resistance near 12725 - 12825 range and if index crosses and sustain above 12825 level then may reach near 13000.

Index has immediate support near 12500 – 12400 range and if this support is broken then index may tank near 12200 – 12000 range.